An analysis by the Australian National University academics Ben Philips and Cukkoo Joseph has identified Wyong on the Central Coast as the most undersupplied housing location in NSW and the second most under-supplied housing area in Australia. The modelling drew on census population figures to estimate the underlying demand for housing at the regional level. Of the 328 statistical areas studied nationwide, 250 were found to have a housing surplus while 78 had a shortage. The paper looked at population growth and demographic change in Australia’s 328 regions called “statistical area level 3” by the Bureau of Statistics and analysed how well the new supply of housing meets the demand in those areas. This research represents Australia’s first published regional analysis of housing demand and supply the report said.
Burwood: Silverhall presented to the Institute of Chartered Accounts of India (ICAI) Members on the 13th of June. Silverhall covered its updated research of certain property markets and recent changes to the property industry through the Federal and State Budget announcements.
The Queensland Times article further supports Silverhall’s research, endorsing the Springfield Catchment Area. The QT ran an article on the 22nd of May 2017, highlighting Ipswich’s fastest growing suburb, Redbank Plains. David Nielsen from the Queensland Times in conversation with Ipswich City Councillor Kerry Silver discussed the growth this suburb has shown over the last year and shed light on the council’s investment plans going forward.
BRISBANE’S real estate hot spots are moving further away from the city centre, with one of the country’s top demographers singling out a 9km-wide ring in middle suburbia for a growth “explosion”.
Brisbane’s middle-ring suburbs the next big thing in real estate
The most important part of ensuring your property achieves the highest possible return is having a good property manager. They will ensure you obtain the right tenant, at the best possible rent. Quarterly inspection undertaken and the result reported back to you as the landlord. Listening to your tenants when they make contact and addressing any concerns they have as quickly as possible. Communicating with you in advance of the end of a lease to let you know what terms for a new lease should be.
Tips For Selecting The Right Tenant For Your Property
To make the greatest return on your investment property you need to have it occupied as much as possible. Here are some tips to help select the right tenant for your property to provide a longer tenancy with better returns and less drama for you, the owner.
Tenant profile
Create a profile of the tenant you want for your property, taking into account the neighbourhood and nearby amenities. For instance, young professionals may be a better fit for an inner-city apartment near restaurants, rather than a family with pets who need schools and parks nearby.
Property valuation
Next, get an accurate valuation of your property. Ask local realtors for an appraisal and check the Internet and papers for comparable properties in the area. When showing the property, either yourself or the property manager should be present to answer questions. Make sure your property complies with all regulations so prospective tenants are able to move in.
Tenancy agreements
Another important step, once you have selected a tenant, is to make sure you and the tenant have a written and signed lease or tenancy agreement. Never rely on a handshake deal. Before handing over the keys complete a written condition report of the property and have the tenant sign off on it. This will ensure that there is no dispute about damage or changes later on.
To find out more about investing in properties, visit Silverhall for their comprehensive range of ebooks and seminars.
